Europe Fitness Trackers Market

Europe Fitness Trackers Market Size (2023 to 2028)

The fitness trackers market in Europe is projected to grow from USD 17.41 billion in 2023 to USD 41.86 billion by 2028, growing at a CAGR of 19.18% from 2023 to 2028.

Growing usage of smartphones and laptops, increasing tendency to introduce new devices in favor of the end-users, and growing concern of people towards being healthy are some of the factors driving the fitness trackers market in the European region. The European fitness tracker market is experiencing promising support from the EU governments through investments in the electrical and electronic industries. People opt for android and iOS modes of compatible devices such as smartwatches and others that are accurate and convenient. The smart features associated with fitness devices are another significant attribute promoting market growth in this region.

Growing capita income in many countries, growing product launches that integrated with advanced technologies to serve better, and these devices are being recommended by physicians and doctors to track health factors as such are further boosting the demand for fitness trackers and accelerating the growth rate of the market in Europe. Furthermore, growing healthcare expenditure, along with increasing disposable income, are anticipated to give favorable support to the market growth. Furthermore, increasing support from the IT sector by launching applications for easy accessibility is another factor contributing to the market growth.

However, the high costs associated with fitness trackers are one of the key factors hampering the growth of the fitness trackers market in Europe. Furthermore, stringent rules and regulations by the governments and a lack of complete knowledge of the availability of different features in a device are restraining the market's growth rate. In addition, increasing data theft issues while connecting with other accessories like smartphones and laptops is a significant challenge to the market participants in this region.

This research report has been segmented & sub-segmented into the following categories:

• By Product Type: Activity Monitors, Smart Watches and Smart Clothing
• By Wearing Type: Handwear, Legwear, and Headwear
• By Application: Heart rate tracking, Sleep measurement, Glucose measurement, and Sports, Running, and Cycling Tracking
• By End-users: Sports, Hospitals and diagnosis centers, and Others
• By Age Group: Adult Fitness Tracker and Children's Fitness Tracker
• By Sales Channel: Online and Offline
• By Country: UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic, and the Rest of Europe

Regionally, the UK fitness trackers market accounted for the leading share of the European market in 2021, followed by Germany. Factors such as rising awareness over the availability of various devices, a growing number of fitness tracking apps, rising desire for wireless and continuous health monitoring devices, flourishing awareness regarding obesity, and escalation in discretionary expenses, and rising income are escalating the market in the UK. Besides, the booming economy in many areas is lavishing the fitness trackers market's growth rate in this country.

The German fitness trackers market is another lucrative regional market in the European region. Technologically well-developed tracking apps, increasing availability of purchasing these products through online channels, and growing interest in sports activities are a few of the factors driving the fitness trackers market in Germany. The rise in the scale of healthcare and the growing demand for wearable fitness trackers such as smart clothing and smartwatches are further favoring the market in Germany. Moreover, the increasing adoption of wrist-wear fitness trackers and rising healthcare amounts spent are driving this region's fitness trackers market growth. The introduction of high-end featured devices, the increasing importance of wirelessly connected devices, and the focus on leading healthy lifestyles by performing workouts and physical activities track widens the german fitness trackers market demand.

The fitness trackers market in France is deemed to have a tremendous growth rate in foreseen years.

A few of the prominent companies in the Europe fitness trackers market profiled in this report are Fitbit, Inc., Apple Inc., Adidas AG, Xiaomi Inc., Samsung Electronics Co. Ltd., Nike Inc., Moov Inc., Lumo Bodytech Inc., and Jawbone.